PETROAN reveals why fuel discount may not work

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has cautioned that the Federal Government's proposed fuel discount may not be effectively implemented due to the limited number of Nigerian National Petroleum Company Limited (NNPCL) retail outlets. During an interview on Arise Television, PETROAN President Billy Gillis-Harry explained that the scarcity of these outlets could hinder the reach of the fuel discount.

This comes after the Federal Government announced a 30-day fuel discount at NNPC outlets nationwide. The Minister of Finance, Taiwo Oyedele, had announced the discount on petrol sold by the NNPC for the next 30 days. In reaction to this, PETROAN's president highlighted that with over 230 million Nigerians relying on energy for their livelihoods, the existing number of NNPC outlets might not suffice to efficiently execute the proposed discount.

He added, "If we get petrol at a discount, we'll be able to sell it to people at a lower price, which is better than having only 15 stations in a city." PETROAN also expressed openness to government intervention, acknowledging that such a move could significantly benefit Nigeria as soon as possible.